For Sale
$3,048,000

708 Us-77 Schulenburg, TX 78956

High-return 7-Eleven NNN lease. Prime location.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 4,991-square-foot 7-Eleven gas station and convenience store located at 708 US-77 in Schulenburg, Texas, 78956. The property sits on a 1.15-acre lot and boasts 16 gas pumps across four fuel islands, a canopy, and a prominent high-pole sign. Built in 2009 and renovated in early 2022, this single-story building is currently operating at 100% occupancy under an absolute NNN lease with 6 years remaining. The lease features annual rent increases and benefits from 7-Eleven's strong AA- S&P credit rating. The property generates a substantial net operating income (NOI) of $300,310, resulting in a compelling 10.15% cap rate. Strategically positioned at a signalized intersection with convenient on/off ramp access to Interstate 10, this location benefits from high traffic volume. The asking price is $3,048,000, translating to $660.18 per square foot. This turnkey investment offers significant long-term potential with minimal landlord responsibilities. The property's prime freeway location and strong tenant ensure a stable and lucrative investment opportunity. Schulenburg's central location between major Texas cities further enhances its appeal.

Highlights

  • $3,048,000 asking price for this 4,991 square foot 7-Eleven gas station.
  • Absolute NNN lease with no landlord responsibilities.
  • 5.5+ years remaining on the 7-Eleven lease with annual rent increases.
  • 7-Eleven's strong S&P credit rating of AA-.
  • Prime freeway location with convenient on/off ramp access; 16 gas pumps across four islands.

Property Details for 708 Us-77

Property type
Retail properties, Gas stations
Square Feet
4,991 SF
Year Built
2009
Buildings
1
Stories
1
Lot Size (sq. ft)
50,094 SF

Location Insight

City
Schulenburg
County
Fayette
State
Texas
Latitude
29.6946996
Longitude
-96.9032639

FAQs

What type of property is this?
Retail property - High-return 7-Eleven NNN lease. Prime location.
Where is the retail property located?
The property is located at 708 Us-77 Schulenburg, TX.
What is the asking price?
The asking price for this property is $3,048,000.
What are key features of this property?
This property features: $3,048,000 asking price for this 4,991 square foot 7-Eleven gas station.; Absolute NNN lease with no landlord responsibilities.; 5.5+ years remaining on the 7-Eleven lease with annual rent increases.
How can I contact the broker?
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708 Us-77
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